Tag Archives: Basement Renovation Budget

Once you’ve planned out your dream finished basement, the price tag can be staggering. Although cutting corners in construction to save money is a sure bet for problems down the road, reassessing your priorities can keep your basement renovation budget reasonable while still maintaining a high-quality basement remodel that you’ll enjoy for years to come.

In the end, the most important amenities will depend upon your intended use for your basement. However, because some features are more costly than others, it’s advisable to think long and hard about which amenities you’ll get the most use from.

Basement Bars

If you’re a hardcore entertainer and regularly throw large get-togethers, a fabulous full basement bar may be just what you need. However, if you only have guests occasionally, consider toning down your bar a bit.

The sink is the most costly component of a full bar, so if you don’t anticipate frequent use, you can cut costs by simply installing cabinets and a fridge. This setup still allows you to serve drinks, but doesn’t require plumbing work.

Guest Bedrooms

A guest bedroom is frequently something you’ll only use a few times a year, such as for holidays or other special occasions. If you don’t plan on having overnight guests all that often, a basement guest bedroom may not be for you. However, if you frequently have guests or plan to expand your family, an additional bedroom may be just what you need.

Separate Rooms

The expense of doors, studs and drywall needed to create separate rooms quickly adds up. Having one large space is much cheaper, so unless you have a specific need to close certain areas off, this is a feature you might be able to do without.

Downsizing

Many basements span the entire floor plan of the home, and are thus very large spaces. It’s therefore entirely possible that you won’t need all of the space in your finished basement; just because it’s there doesn’t mean you have to use it. Downsizing your plan will cut your budget, and you won’t enjoy your new space any less.

Purchasing Standard Sizes

Buying prefabricated, standard-sized cabinets and countertops avoids the extra cost of custom work. If it’s possible to use standard sizes for these features, be sure to do so.

Are you currently undertaking your own basement finishing project? If so, what factors influenced your final budget, and what are your own suggestions about reigning in your basement renovation budget? Leave us your thoughts in the comment section.

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Welcome to Home Renovation Team!

Home Renovation Team understands that your home is your castle…a place of comfort…a safe haven from the hustle and bustle of the outside world. Your home is special to you and a reflection of your own style and personality.

So, when the time comes for a makeover, put your project into the capable hands of Home Renovation Team. We specialize in working with you to turn your dreams into a beautiful reality. We will take your ideas and the vision of what you have versus what you want and bring them to life!

Our Toronto Home Renovation Team can help you with:

Basements

Bathrooms

Kitchens

Finnish Saunas

HVAC (High Efficiency Furnace, Air Conditioning and Hot water tanks)

Closets

Attics

Decks

Home Renovation Team is about teamwork: Our experience in planning and design, combined with your input and ideas, makes for a winning team!

Ready to make a change for the better with a bathroom renovation that will enhance your lifestyle and add value to your home? Trust your project to a reputable Toronto company that stands for excellence at affordable rates. Contact us today for a free estimate!

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Walls, windows and everything in between! Whether you want to remodel a basement or remodel an older, outdated kitchen or bath that lacks the features you want and/or need something more modern and cutting edge, or just want to give one of your rooms a facelift --- the Home Renovation Team of professionals can work with you for a finished room that is complete in every detail.